European Stocks Move Downside

By Investors Hub

European stocks have moved to the downside on the day following the European Central Bank?s announcement of its decision to leave interest rates unchanged.

While the German DAX Index has slid by 0.7 percent, the French CAC 40 Index and the U.K.?s FTSE 100 Index are both down by 0.2 percent.

In corporate news, German engineering specialist Bertrandt Group’s stock declined around 2 percent after reporting sharply lower profit in its fiscal 2017, despite slightly higher revenues. The company also maintained its dividend.

Petrofac shares fell around 2 percent after it said its overall trading remains in line with expectations and that Chairman Rijnhard Van Tets has notified the Board of his intention to step down from the Board.